The problem isn't the AI, the issue is that the elites are trying to horde it and keep it from us little people. If we are to have agency, having personal ownership over local AI, collectively owned AI, and regulations, are all key to ensuring that democracy and egalitarianism is secure.
The elite will not willingly surrender power, especially there is a void that they can colonize. Ordinary people like us should fill the vacuum, to deny the elite from having total control over AI.